Member Sign in:
February figures for the main high street banks
February's net mortgage lending strengthened, reflecting some increase in the banks' market share as a result of recent strong remortgaging. Credit card lending remained subdued, while personal deposits continued with above-average growth. Lending to financial companies returned to trend having been inflated in January.
| seasonally adjusted data | mortgage lending | consumer credit | personal deposits | company finance |
|---|---|---|---|---|
| February net change | + £5.6 bn | + £0.6 bn | + £2.6 bn | + £15.7 bn |
| (previous month) | + £5.0 bn | + £0.4 bn | + £2.9 bn | + £23.7 bn |
| previous six month average | + £5.1 bn | + £0.5 bn | + £1.9 bn | + £11.9 bn |
| annual growth | + 12.8 % | + 5.4 % | + 5.4 % | + 20.3 % |
| amounts outstanding nsa | £558.2 bn | £107.7 bn | £555.6 bn | £694.1 bn |
BBA statistics director, David Dooks, said of the latest data:
"In an environment of tightening lending criteria, re-mortgaging, either to fix, re-fix, or reduce borrowing costs, has been a clear influence on mortgage data in the first two months of this year, resulting in mainstream lenders picking up market share.
Despite the relative pick-up in February’s reported retail sales, consumer credit and cards in particular, continued to be subdued."
